Shuttered homes often draw arsonists, vandals and scrap metal thieves. To help alleviate those problems, Ohio Attorney General Mike DeWine wants to destroy abandoned homes all across the state. He's setting aside $75 million of the state's mortgage settlement money to fund the demolitions.

"I wanted to make a bold statement, set an example, and say that our state's never going to be the great state we want it to be when we have neighborhoods that are being eaten alive by these homes," DeWine says.

Besides being a crime risk, crumbling old homes drive down property values. DeWine says demolition helps out those he considers the "real victims" of the foreclosure crisis: the neighbors of blighted homes.

"If you're paying your mortgage and the value of your house was $120,000, and now it's $60,000 because you live by a neighbor whose house is abandoned, you're a victim," DeWine says.

Back at Fairport Avenue, the excavator has gutted the old home and is crushing debris under its treads.

Gus Frangos, president of the Cuyahoga Land Bank, describes this kind of demolition as a "root canal." The bank has torn down nearly 800 houses in three years.

Frangos says it would cost up to $80,000 to restore the Fairport Avenue house — more than 10 times the cost of simply tearing it down.

"The siding and the wood is rotted. The interior walls are bad. All of the mechanicals — the electrical, the plumbing — everything is missing, stripped," Frangos says.

The house is just one example "of thousands of properties that are decaying neighborhoods," he says. "And we need to try to stabilize the tax base by removing that decay, so that people don't live next to the stuff."

'Barely Making A Dent'

The city of Cleveland has spent more than $40 million in city and federal dollars to demolish 6,000 vacant homes since 2006. Attorney General DeWine is pushing cities to match the state's demolition funds in order to destroy the largest possible number of homes.

If the state's $75 million demolition funding "leverages another $75 million, we're talking $150 million," Rokakis says — an amount he says "will take down 20,000 structures in the state, or about one-fifth of the total. That is a powerful impact."

But Dennis Keating, a professor of urban planning and law at Cleveland State University, says the problem is bigger than the demolition fund can tackle.

Even if the money is matched by local governments, Keating says, it "would barely make a dent in what we already have in the backlog of vacant, abandoned housing. And I suspect we'll have a lot more in the future."

Someone with a glass half-full perspective, says Keating, would say $150 million "would take care of half of what we have now."

But the half-empty view? "We still have thousands more," Keating says.

Either way, Attorney General DeWine says, Ohio should receive its mortgage settlement money next month.